The China State Shipbuilding Corporation Limited (CSSC) this week released the dual-fuel, low-speed engine WinGD X92DF, the world’s biggest of its kind for modern, large and ultra-large container vessels. Marking the shipbuilding industrial chain’s continued improvement, it will enable Chinese vessels to have a stronger “heart”, the CSSC said. The WinGD X92DF adopts low-pressure, dual-fuel technology which has been developed to provide a propulsion solution to run vessels efficiently, effectively and safely on gas, in addition to conventional heavy-fuel oil or diesel oil. This is according to the website of ...

South Korean shipbuilders are expected to suffer setbacks in the second half of this year due to weak orders triggered by the coronavirus pandemic and low oil prices, market watchers have said. The data from global market researcher Clarkson Research Service showed that the combined new orders won by global shipbuilders fell 61.6 percent to 3.82 million compensated gross tons (CGTs) in the first four months of the year compared with the same period a year ago. During the same period, the combined new orders of South Korean shipbuilding companies ...

The Export-Import Bank of Korea (Eximbank) has decided to expand financial aid for virus-hit shipbuilders here, in a bid to help them overcome falling sales due to the global spread of the coronavirus pandemic. Initially, the state-run lender planned to provide a fund worth 3.8 trillion won ($3.84 billion) for the sagging shipbuilding industry here. But with the COVID-19 shock expanding across the globe and bringing bigger-than-expected losses to their global sales, Eximbank decided to expand the fund to 5.2 trillion won, the lender said Wednesday. “We expanded the size ...

Apparently in response to a series of recent fatal accidents, Hyundai Heavy Industries (HHI) has replaced its shipbuilding business representative and upgraded the position of CEO from vice president to president. HHI’s Ulsan shipyard has had four fatal accidents this year. HHI announced on May 25 that it has appointed Lee Sang-kyun, president of Hyundai Samho Heavy Industries (Hyundai Samho), as CEO of its shipbuilding business. Vice President Ha Soo resigned voluntarily to take responsibility for the safety accident. HHI also said it will expand and reorganize its existing production ...

Aligning industry towards sustainable future As it continues to drive the maritime energy transition, Damen Shipyards Group has unveiled its first Electric Cutter Suction Dredger (ECSD) 650. With electric motors powering the dredge system, the ECSD 650 makes possible zero emissions dredging projects. The electric power provides a significant reduction in noise, adding an extra tier of sustainability and ensuring the dredger’s suitability for projects in densely populated and environmentally sensitive areas. Modular convenience The ECSD is a modular dredger, based on Damen’s successful standardised shipbuilding philosophy, dismountable for transportation ...

With Daewoo Shipbuilding & Marine Engineering (DSME) delivering the world’s largest container ship, customers are paying keen attention to state-of-the-art smart ship solutions applied to the vessel. DSME said on May 23 that it delivered one 24,000 TEU super container ship equipped with its own smart ship solution “DS4® (DSME Smart Ship Platform)” to HMM on May 22. The solution, mounted on a series of seven super-large container ships, can remotely diagnose major systems such as the sailing ship’s main engine, heating, ventilating and air conditioning (HVAC), and frozen container, ...

A subcontracted worker hired by Hyundai Heavy Industries (HHI) died while working at a shipyard in Ulsan Metropolitan City, according to Korea’s biggest shipbuilder. The 34-year-old man, surnamed Kim, was found unconscious at around 11:20 a.m. Thursday in an LNG carrying vessel where he was working on welding operations. He was immediately taken to Ulsan University Hospital, but was pronounced dead shortly after. The cause of death is assumed to be argon gas poisoning. Argon gas is used to control air pressure in welding. It can be fatal if a ...

Daewoo Shipbuilding & Marine Engineering Co., a major shipbuilder in South Korea, said Thursday that it has clinched a 411 billion-won (US$340 million) deal to build a floating storage facility. Under the deal with a company based in Central America, Daewoo Shipbuilding will deliver a liquefied natural gas floating storage regasification unit (LNG-FSRU) by June 2023, the shipbuilder said in a regulatory filing. Daewoo Shipbuilding did not reveal the name of the buyer. “The deal will be effective after the company in Central America makes a final investment decision,” the ...

Jiangnan Shipyard (Group) Co. Ltd. has contracted TMC Compressors of the Seas (TMC) to supply the marine compressed air system for two very large ethance carrier (VLEC) the shipbuilder is constructing for Pacific Gas (Hong Kong) Holdings Limited. According to Jiangnan Shipyard, the two vessels are amongst the largest VLECs ever ordered. TMC’s scope of work is to supply a complete marine compressed air system, including two service air compressors, to each of the two VLECs. TMC has not disclosed the value of its contract. The 99,000 cubic metre B-class ...

Shipbuilding has always been a seismograph for long-term development lines in world trade. 95% of the global exchange of goods is handled by ship. New ships are ordered when the market expects positive developments. SARS-CoV-2 not only leads to short-term distortions, but also to considerable uncertainties for the medium-term development. The sharp increase in public and private sector debt will result in high consumption losses. Existing trends that impede the global exchange of goods will be reinforced. Global systemic tensions, especially between China and the USA, are intensifying. Slump in ...

On May 12th, 2020, in Shanghai, COSCO Shipping Heavy Industry (CHI) and GTT have renewed and enhanced their strategic cooperation agreement which was signed several years ago. GTT is the reference in membrane LNG containment systems and its technologies are recognized by ship-owners and shipyards worldwide. CHI, through its shipyard Cosco Zhoushan, has already been qualified by GTT as an approved repair shipyard, and plans this year to qualify another shipyard of the group. The shipyard with the support of GTT has successfully upgraded their first Mark III LNG Carrier ...

Damen Shipyards Group has signed an agreement with Korean yard Hanjin Heavy Industries and Construction (HHIC) to deliver a complete components package. The package includes all equipment for oil recovery operations as well as a complete dredging installation. The multi-purpose vessel will primarily act as an oil recovery vessel, and will undertake work as a hopper dredger when not tending to emergencies. The 5,000 tons, 4,100 m3 vessel will be built by HHIC, a Korean yard experienced in building special purpose vessels that is, therefore, suited to the construction of ...

The ex-boss of one of China’s largest shipbuilding conglomerates and former head of its aircraft carrier development programme is under investigation by the country’s top anti-corruption watchdog. Hu Wenming, who retired as chairman of the state-owned China Shipbuilding Industry Corporation (CSIC) in August 2019, is suspected of “serious violations of law and discipline”, the Central Commission for Discipline Inspection said late Tuesday. Hu is the latest in a long line of top executives and senior Communist Party members to be brought down by President Xi Jinping’s anti-corruption campaign, which critics ...

Daewoo Shipbuilding & Marine Engineering Co., a major South Korean shipbuilder, said Friday that its first-quarter net profit rose 24.2 percent from a year earlier due to increased one-off gains and a weak won. Net profit reached 243 billion won (US$197 million) in the January-March period, compared with 195 billion won a year ago, Daewoo Shipbuilding said in a regulatory filing. The company said it received about 200 billion won in additional payment from an unidentified client over an offshore project, which improved its bottom line. The company said a ...

Damen Shiprepair Harbour & Voyage (DSHV) has signed a joint partnership cooperation with Verolme Special Equipment for the provision of services to exhaust gas cleaning systems (EGCS), widely known as Marine Scrubbers. The agreement arose from a mutual understanding that both parties’ clients were seeking wider availability of services for on board scrubber installations – either in port or underway. The partnership will create a leading global service provider of EGCS, supporting cleaner, emissions-reduced shipping worldwide and available 24/7. More and more vessels are having scrubbers installed as one of ...